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USD/JPY_SPT - USD/JPY

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USDJPY_SPT trade ideas

Uj needs more power from buyersGreetings to all my dear acquaintances, let's embark on a journey with Selena as she explores the USDJPY currency pair! At present, UJ (USDJPY) is demonstrating ongoing positive movement and is currently being traded at 149.47. The recent release of encouraging data from Japan has provided a boost to this particular monetary combination. Despite short-term challenges in surpassing the psychological resistance level of 150.00, this currency pair continues to receive substantial support due to its overall upward trend. While there may be a slight decrease in price in the immediate future, breaching the significant milestone of 149.6 will likely lend support for long-term buyers interested in USDJPY.
by Samson-FX
USDJPY renews one-year high near 150.00USDJPY extends Friday’s rebound from the nine-week-old rising support line while printing the fresh high of the year 2023. It’s worth noting, however, that the overbought RSI (14) line and lackluster MACD signals suggest hardships for the pair buyers moving forward. Also challenging the upside is the 150.00 psychological magnet and a seven-month-old ascending trend channel’s top line, surrounding 151.00. In a case where the Yen pair stays firmer past 151.00, the previous yearly high of around 151.95 and the 152.00 round figure could lure the bulls. Following that, a gradual run-up towards the 127.2% Fibonacci retracement of October 2022 to January 2023 downside, close to 158.80, is highly expected. Meanwhile, the aforementioned immediate support line joins the late October 2022 swing high to challenge the short-term USDJPY bears around the 148.90-85 zone. However, the quote’s weakness past 148.85 will make it vulnerable to dropping toward the 50% Fibonacci retracement level of around 146.70. Should the Yen pair sellers keep the reins past 146.70, June’s high of around 145.00 might become their favorite. Above all, a convergence of the stated bullish channel’s top line and 61.8% Fibonacci ratio, close to 142.60, becomes the key to witnessing a reversal of the seven-month-long bullish trend. Overall, USDJPY’s pullback appears overdue but the bulls are more likely to keep the reins.
by MTradingGlobal
USDJPY continues to increase fluctuations within 149.00Samson extends his greetings to all of you! The value of USDJPY has been consistently rising, maintaining its upward trend and surpassing 148.00. Currently, UJ is being traded at approximately 149.025, which marks a new record high. Moreover, the Federal Reserve has indicated their potential to raise interest rates at least once within this year. This allows the US dollar (USD) to remain strong and near its peak from the beginning of the year until now. It also serves as a driving force for the USD/JPY pair, assisting in its continuous growth. What are your thoughts on this currency pair?
Long
by Samson-FX
USDJPY gloomy transactions should be noted?USDJPY continues to maintain its strong position at a high level, reaching a trading threshold around the price of 149.38 USD. The DXY has risen to nearly 106.30 despite a decrease in consumer confidence in September. The United States Conference Board reported on Tuesday that consumer confidence in the US economy has declined across all age groups. Psychological data dropped to 103.0 in September compared to August's 108.7 level. Households seem concerned about difficult consumer inflation, political instability, and higher interest rates, which could potentially impact this currency pair and cause them to decline. In my personal opinion, there may be a slight adjustment but don't worry too much as it could just be a minor correction while UJ itself is still demonstrating its resilient strength at high levels.
by Samson-FX
USDJPY bulls struggle within rising wedge, focus on 147.30USDJPY stays defensive at an 11-month high, losing upside momentum after a three-week winning streak, as market players await this week’s key Japan inflation data, as well as the US Durable Goods Orders. Also, sluggish RSI (14) line and MACD signals add restrictions to moves and challenge the Yen pair buyers. Furthermore, a rising wedge bearish chart formation comprising levels marked since early August also keeps the pair sellers hopeful. However, a convergence of the 100-SMA and the stated wedge’s bottom line, close to 147.30 at the latest, becomes necessary for the sellers to retake control. Even so, the 200-SMA and the monthly low, respectively around 146.40 and 144.45, may test the buyers ahead of highlighting the rising wedge’s theoretical target of 140.30 and 140.00. On the contrary, the latest high of around 148.50 guards the immediate upside of the USDJPY pair ahead of the stated wedge’s top line of around 149.00. In a case where the Yen pair remains firmer past 149.00, the 150.00 round figure and the previous yearly high of around 152.00 could lure the pair buyers. Following that, the June 1990 peak of around 155.80 will act as the last defense of the bears. Overall, USDJPY bears appear tiring but the buyers seem determined to give a tough tight before leaving the throne.
by MTradingGlobal
USD/JPY increased sharply in the context of fear of interventionCurrently, the USD/JPY pair has increased to 148.00 after breaking from a low level of 147.47 at the beginning of Asian trading hours on Thursday. At the time of writing, this pair of money is trading at 148.28, up 0.06% a day. Technical about: This pair of money is still trying to consolidate and maintain a rise for several consecutive days. However, investors should still be cautious because all attention is focused on the decision of the Central Bank of Japan (BoJ) on Friday, which can lead to the decline of money pair. This before the event took place.
Short
by Samson-FX
USD/JPY continues to trade higherBecause there are no immediate signs of changes in the Japanese bank's policy (BOJ), the market may return to USD/JPY trading at a higher level. Currently, the treasury bond interest rate is still increasing and the gap between the UST-JGB interest rate continues to expand or maintain. Therefore, it is likely that USD/JPY will continue to be updated. Looking at the technical picture on the D1 time frame we can see that gold is passing and in defense. Given that the trend line still has the possibility of gold will reach the psychological port of 150.07 JPY.
by Samson-FX
USD/JPY reached 1.07 price increase, should buy or sell?Hello everyone is Samson here, today USD/JPY recovered after the loss was recorded the day before, the transaction was higher than about 147.70 in the Asian session on Tuesday. This pair of money is receiving support for price increase before the interest rate decisions from the US Federal Reserve (Fed) and the Japanese Bank (BoE). Looking at the technical picture of USD/JPY on the H1 time frame we can see that gold is in the trend of increasing so we should stick to the script and target higher. If that occurs, it is likely to reach $ 150.00.
by Samson-FX
USDJPY edges higher within multi-month-old bullish channelUSDJPY defends a two-week uptrend within an ascending trend channel established since early March. In doing so, the Yen pair stays near an upper limit of the stated channel, recently wobbling between the 21-day SMA and a one-month-long resistance line. It’s worth noting that the RSI (14) line suggests the bullish exhaustion while the MACD also lacks directional momentum and hence a pullback towards the 21-day SMA level of around 146.55 appears imminent. Adding strength to the stated SMA support is the 78.6% Fibonacci retracement of the October 2022 to January 2023 downturn. In a case where the Yen pair drops below 146.55, July’s peak of 144.90 and the 61.8% Fibonacci retracement level of 142.55 can test the bears before allowing them to challenge the key supports, namely the 100-day SMA and the aforementioned channel’s bottom line which are around 141.80 and 141.40 respectively. Meanwhile, an ascending trend line from mid-August, close to 148.80, guards immediate recovery of the USDJPY pair ahead of the bullish channel’s top line, close to 149.80 at the latest. Following that, the 150.00 psychological magnet and 150.30 levels may test the Yen pair buyers. In a case where the risk-barometer pair stays firmer past 150.30, the odds of witnessing a run-up towards challenging the previous yearly peak of around 152.00 can’t be ruled out. To sum up, USDJPY buyers keep the reins at the start of the Fed week, even as Japan’s national holiday and sluggish upside momentum prod the bulls of late.
by MTradingGlobal